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WHY Price LINK nOt there for Raffles Education ? ? ? ?
Stock Calls
Raffles Education
Hold | 66.5 cents
OCBC Investment Research cuts Raffles Education Corp’s fair value estimate to S$0.650 from S$0.815, and maintains a Hold rating.
This follows the group’s Q3 earnings, which showed a 15.4-per-cent decline in revenue on-year and reflected a 33.7 per cent and 20.6 per cent cut in FY11 and FY12 core earnings estimates respectively. “Besides the persistent structural headwinds still facing REC, we also note that start-up expenses from the expansion of new colleges continued to cause a drag on REC’s earnings,” OCBC says.
The stock is down 3 per cent at S$0.64.
regardless good or bad times ..... invest in knowledge and education .....
u-turning up
Thanks, am holding for long term. Of course can be lower, it is already quite rock bottom as compare to other counters. Prepare to take the small divident after consolidations.
GuavaXF30 ( Date: 23-Feb-2011 08:27) Posted:
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Unfortunately, after last nights Dow, and because it did not drop much yesterday, this may mean that this counter has more room to fall than others. Be careful...
louis001 ( Date: 22-Feb-2011 23:05) Posted:
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Given today's poor market sentiments with whole sea of red, this stock is quite alright and closed at 27cent, down-1cent, not too bad lah. Given time, this stock can make a come back, vested long term.
Is this due to poor market sentiment or just this stock cant make it
Huh 10% paper loss already!
jovenus ( Date: 22-Feb-2011 10:27) Posted:
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SSH , Janus Capital reduced their holding in RF .
Hi guys,
Take a look at RafflesEdu now @ $0.265